A video game is an electronic game that can be played on a computing device, such as a personal computer, gaming console or mobile phone. Depending on the platform, video games can be subcategorized into computer games and console games. In recent years, however, the emergence of social networks, smartphones and tablets introduced new categories such as mobile and social games. Video games have come a long way since the first games emerged in the 1970s. Today’s video games offer photorealistic graphics and simulate reality to a degree which is astonishing in many cases.
Video games are a billion-dollar business and have been for many years. In 2020, the revenue from the worldwide PC gaming market was estimated at almost 37 billion U.S. dollars, while the mobile gaming market generated an estimated income of over 77 billion U.S. dollars. What is significant nowadays is that the first generation of gamers is now grown up and has significant spending power at its disposal. Despite the high average daily time spent playing, video games can no longer be considered solely child’s play. In fact, it was found that video gaming is gaining popularity among parents across the world as well.
Some of the major players in the video gaming industry are Tencent, Sony and Apple, each generating billions of dollars in gaming revenue every year. Sony’s PlayStation 4 is the bestseller among current generation consoles and, in 2020, the unit sales of the console reached more than 108 million units.
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In the following 6 chapters, you will quickly find the 59 most important statistics relating to "Video Game Industry".
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